BIKAJI - Ready for the next swingBIKAJI is poised for its next upward move, presenting a potential upside of approximately 23%. The stock has maintained a trading channel for the past 2 years. This is an opportune moment to consider entry due to the following factors:
1. The Risk:Reward ratio appears favorable, with a stop loss (SL) potential below the channel.
2. Last week's candle exhibits a bullish hammer pattern, commonly indicating a reversal.
3. Very consistent fundamental numbers.
Weeklyanalysis
Asian Paints (200 EMA Pullback Seen on Weekly Time Frame)Asian Paints has bounced from 200 EMA on a Weekly Time Frame (2788). Now at 2853. It is possible that stock could head towards 2900, 3000, 3100, and 3200 in the next few months. View invalid below 2776 level.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
big bullish weekly flag and pole breakout in logistics stockA Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:SNOWMAN
MACD already gave Positive crossover on Daily, weekly and monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
If you like it Make the rocket fly to boost the idea.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
JSWINFRA - 3 Months consolidation Breakout JSW Infrastructure Ltd
1) Time Frame - Weekly.
2) The Stock has been in a consolidation since (December, 2023). Now It has given a consolidation breakout & Closed at it's All Time High with good bullish momentum in Weekly Time Frame.
3) The stock will find it's next resistance around the price 300 (14%) from the price 262.45.
4) Recommendation - Strong Buy
ASIANPAINT - Will it take support or bounce back?ASIANPAINT - weekly chart looks interesting, the stock has been trading in this channel for the past 3 years. Everytime the stock comes to the bottom trendline, it takes support and bounces back.
What will happen this time? Will it take support and bounce or will it break down? Well, time will tell.... but watch out for a good trading opportunity.
BORORENEW - SWING TRADE - 29th November #stocksBORORENEW (1W TF)
Swing Trade Analysis given on 29th November, 2023 (Wednesday)
Pattern: FALLING WEDGE
- Volume Spike from Demand Zone/Support - Done ✓
- Upper Resistance Breakout - In Progress
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #bororenew
MARUTI - WEEKLY BREAKOUT - EXCITING OPPORTUNITY Weekly breakout in MARUTI with good volumes. The stock has been consolidating for 16 weeks after the breakout and taking support on the breakout trendline. It is a good zone to buy as the Stoploss is small while the upside looks very good.
The stock's Fundamentals look very good as well. Overall it will be a good bet.
Indiabulls Housing Finance Weekly breakout, Bullish viewIndiabulls Housing Finance price resist at trendline in weekly timeframe since Nov 2019 and tried to break multiple times,
recently in nov 2023 gives breakout with good volume and also volume increases gradually.
also retest of this trendline is confirmed in daily Tf
my view is to go long above 215 for decent profit in midterm also
it my be a good opportunity to invest at this time for long term view
midterm target is for 40%
longterm 💵💸💰
Banknifty (Weekly Analysis)Banknifty. (Only for Experienced traders" )
Enter after " Breakout and Retracement ".
Leave a " Like If you agree ".✌.
Follow for regular updates 👍
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For " long "
entry: 44520 / 44575
target: 45030 - 45250 - 45760
stoploss: 44410
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For " Short"
entry: 44250
target: 44030
stoploss: 44320
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Enter only if market Breaks
"Yellow box" mentioned.
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Wait for proper reversal and conformation.
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Don't make complicated trade set-up.📈📉
Keep it " Simple, Focus on Consistency "💹.
Refer our old ideas for accuracy rate🧑💻.
Valuable comments are welcomed-✌️
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Disclaimer:
Our Trading style is not to capture "10-20" points per trade.📊
We take entry only for min "200-300" points without any distractions.💹
So, our ideas may not be preferable for small traders, who just focusing on too much of support and resistance.📈📉📈
So, please consider others ideas.
This is for educational purposes.🧑💻
HOMEFIRST near ALL TIME HIGHHomefirst Finance seems good for the upcoming month which has earnings in December, it is also near its ALL TIME HIGH with WEEKLY action looks like the price is CONTRACTING or SUPPLY ABSORBTION, alse fundamental rise in QTR profits with GOVT Housing PUSH.
200 EMA is just a bit of concern as it is lacking.
Positional trade setup of 64% in Chambal Fertiliser Last week the price gave a momentum derived breakout of the triangular pattern. This breakout should end the long time consolidation in the stock. Now we have to wait for a breakout of the resistance level of 315. The breakout of 315 will initiate the uptrend. Potentially the price can test its high of 516, which is 64% from the breakout level.
EMA Bands: Both short-term and long-term ema's are on the same levels. But the degree and nature of separation of bands indicates a bullish cross in coming days.
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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for educational purposes.
Thanks
Er. Simranjit Singh Virdi
retested breakout in paras defenseA bullish Inverted Head & Shoulder Chart Pattern Breakout on the Weekly Time frame of NSE:PARAS
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Inverted Head & Shoulder Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
Simple Bank Nifty Analysis - Might open gap down if break previous days low a good down can been seen
- buyers will be strong only after 44700 to 44750 is broken
- if break previous days high and sustain then buyers may enter till 44700
Note : Do your own analysis before making any trade or investments
Long Setup in AGI Greenpac Ltd.A bullish flag & pole Chart Pattern Breakout on the Daily Time frame of NSE:AGI
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.